The Board of Novus Holdings announced that Mr. Lambert Retief, Chairman and non-executive director, passed away late on 25 January 2017. Mr. Retief was appointed as Chairman in 2005 following his tenure as the first CEO of the Group, then known as the Paarl Media Group. He also continued as the Chairman of the Company post its listing on the Johannesburg Stock Exchange in 2015. As lead independent non-executive director, Mr. Fred Robertson assumed the role of interim Chairman following Mr. Retief's medical leave of absence since July 2016. Mr. Robertson will continue to fulfil this role until such time as a permanent appointment has been made.